Yue Kan Holdings Limited provided earnings guidance for the year ended 31 May 2022. For the period, the company expected to record a decrease in the net profit by approximately 50.0% to 70.0% for the year ended 31 May 2022 as compared to the profit attributable to equity shareholders of approximately HKD 37.6 million for the year ended 31 May 2021. Such decrease was primarily attributable to, among other factors, (i) a decrease in the number of sizeable projects undertaken by the Group and the lowered tender price as a result of keen competition in the Hong Kong construction market in general; (ii) an increase in the rental cost of vessels and price of diesel fuel due to inflation and market price fluctuations; (iii) certain projects with the prolonged project schedule and the corresponding additional costs resulting from the COVID-19 containment measures implemented in Hong Kong due to the outbreak of the new wave of COVID-19 pandemic during the first half of 2022; and (iv) several vessels that were modified specifically for one port work project were idled as the delivery of materials for fabrication purposes was severely disrupted and an estimated loss of approximately HKD 2.7 million has been incurred due to prolonged project schedule.